Multifaceted entertainment giants close higher

DavidB. Wilkerson

Diversified media conglomerates were mostly higher Tuesday, but closed off their session highs. Most owners of major music labels extended their gains, if only slightly, on news of their agreement with Apple Computer to provide consumers with a pay-per-download digital music service. Sony
SNE, -4.46%
rose 53 cents to $24.53; AOL Time Warner
SNE, -4.46%
tacked on 12 cents to $13.68; Vivendi Universal
V, -0.72%
rose 7 cents to $15.90. Vivendi Chairman Jean-Rene Fourtou told shareholders Tuesday at the company's annual meeting that there is little reason for the company to hang on to its U.S. entertainment properties. U.S. listed shares of EMI Group
emipy
rose 40 cents to $3.90, a gain of more than 11 percent.

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